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TfL awards £300M Bond Street contract to Costain/Laing O'Rourke JV

Transport for London (TfL) has today awarded a Costain/Laing O’Rourke joint venture the £300M redevelopment contract for Bond Street station.

Construction costs within the contract are expected to come in at around only £150M. Construction is set to be mostly complete by 2016 in time for Crossrail in 2017.

The JV beat off competition from Balfour Beatty and a Taylor Woodrow/Bam Nuttall JV.

This contract is part of London Underground’s(LU’s) Tube Upgrade programme and is the third station in that scheme to be awarded in the last 12 months.

More than 155,000 passengers currently use Bond Street Tube station every day, a figure that’s expected to rise to over 225,000 with the arrival of Crossrail in 2017.

“This station emphasises the need for progress to be maintained on both upgrading the Tube and building Crossrail,” said London Mayor transport advisor Kulveer Ranger.

“London is the heartbeat of the UK and upgrades like this are vital to long-term job creation and economic growth around the whole of the country.Our focus at all times will be on delivering the infrastructure London needs at the best possible value for tax and fare payers.”

LU’s work will focus on the north side of London’s retail hub Oxford Street to boost capacity and create step free access to the station.

Crossrail’s work will involve constructing two new ticket halls, excavations for two east-west platform tunnels with interconnecting adits and escalator shafts. The western ticket hall at Davis Street (south of Oxford Street) will be built underground. The eastern ticket hall will be in Hanover Square.

“The £300M redevelopment of the Tube station, coupled with the new Crossrail station, will transform the Bond Street area and act as a catalyst for further investment securing the West End’s position as a premier shopping and entertainment destination and major employment centre,” said LU capital programmes director David Waboso.

Main construction is expected to be going on from next year.

The redevelopment will deliver

  • Increased station capacity ahead of the completion of Crossrail
  • A new entrance and ticket hall north of Oxford Street to increase capacity and provide step free access to both the Central and Jubilee lines
  • New escalators and an additional access route to the Jubilee line to reduce congestion
  • An improved interchange between Central and Jubilee lines
  • Step free access to the new Crossrail station
  • Improved pedestrian areas around the station with new seating and lighting

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